📉 The price of $BTC has dropped below $93,500.

$101 million has been liquidated in the past hour, including $93 million from long positions.

Both cryptocurrency and stock markets are declining simultaneously amid concerning U.S. GDP data.

The contraction of U.S. GDP for the first time since 2022 is the first sign of the ramifications of Donald Trump's trade policy.

Foreign investors' appetite for dollar-denominated assets may weaken even if the currency does not depreciate further.